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Annual Report 2008
3rd place in MDAX

The MLP share

Good development against the market trend

Since we, as an independent financial and investment adviser with a sales network founded on independent brokers, were not hit directly by the crisis, the MLP share was able to enjoy positive development against the general trend. At times, the stock exchange price of our share also benefited from acquisition speculations, triggered by the acquisition of a 24 % stake in our company by the insurance group Swiss Life with registered office in Switzerland. At its peak, the MLP share recorded an increase of 33 %, rising from € 10.74 at the start of 2008 to € 14.25. At the end of the year the share was at € 9.80.